Colombian Congress approves Gustavo Petro's tax reform.
The Colombian government expects to raise approximately 4 billion dollars in 2023.
247 - The Colombian Chamber of Deputies approved on Thursday (17) President Gustavo Petro's tax reform project, which aims to guarantee resources for social programs and give stability to public finances. The Colombian government expects to raise around 4 billion dollars in 2023.
After approval in the Chamber of Deputies, the bill must be sent to President Gustavo Petro for signing.
President Gustavo Petro's tax plan increases the burden on higher-income individuals and on mining and oil exploration.
President Gustavo Petro stated that with this reform, the wealthiest will pay more to finance social spending, reports Telesur.